In this super volatile market, not many are pointing out this potential massive play. My TA gave me strong signals of the validity of this opportunity, but the recent influx of available capital in the U.S. to support a strong rally beefs up my sentiment. Also I've analyzed that over the last 6 months we have only had THREE bearish mondays, all with a loss between only 0.2-0.45%. I strongly acknowledge the risk here that we can easily see a $278 SPY within the very short term. However, the IV against the market is too heavily weighted and I see too many reasons for a buy despite the risk. With an hour left before a Friday close, I continue to accumulate calls for 3/13 & 3/20. Please feel free to criticize or comment your opinion on my view.
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Also forgot to mention that we are managing to hold this support despite low buyer volume. Moving averages on the 30 minute and hour looking promising too.
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FAT Volume end of day, raises the probability of a huge gap upwards in morning action. If nobody held for the long term hopefully somebody that saw this at least caught some quick calls at the low of $291.2 and ran them near to the $298.78 high